Quantcast

Will County Gazette

Friday, November 22, 2024

Mokena residents rank 76th in total sales taxes paid in Illinois for March

Webp cory staley 1

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Mokena taxpayers ranked 76th in total sales taxes paid per municipality in March, according to Illinois tax records.

In total, Mokena residents paid $882,271 in sales taxes during March.

Mokena ranked 73rd in the Prairie State the month before, with $937,075 spent in sales taxes.

The Municipal Sales Tax accounted for the largest share of sales taxes paid by Mokena residents in March.

In Illinois, Municipal Sales Taxes, typically set at 1%, are combined with the state sales tax of 5% and a county tax of 0.25%, resulting in a total state tax rate of 6.25%. These taxes vary at local level and are aimed at diverse municipal needs, like infrastructure and public services. The revenue generated from these taxes is destined to fund local government operations, public safety, education, and community development projects.

As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% higher than the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Composition of Sales Tax Revenue in Mokena in March
Municipal Sales Tax [70.6%]Non-Home Rule Sales Tax [28.9%]Municipal Automobile Renting Tax [0.5%]

Sales Taxes Collected in Mokena in March
Type of TaxAmount Collected in Month% Change From Previous Month
Municipal Sales Tax$622,799-6.5
Non-Home Rule Sales Tax$255,025-5.6
Municipal Automobile Renting Tax$4,447441.7

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS